Joint PIMS-MITACS Mathematical Finance Seminar/Mathematics Colloquium

3:30 p.m., Friday

Math 100

Darrell Duffie

Stanford University

Valuation in Dynamic Bargaining Markets

In a model of sequential search and bargaining, we attempt to capture the impact on asset prices of illiquidity associated with search and bargaining, and to study the equilibrium interactions among investors and broker-dealers.

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